MicroStrategy CEO Michael Saylor has urged major companies to explore incorporating Bitcoin (BTC) into their financial strategies.
He believes that investing in Bitcoin, rather than opting for share buybacks, could significantly boost a company’s market value while offering a hedge against inflation.
Saylor used Apple as an example, suggesting the company allocate $100 billion to Bitcoin instead of repurchasing its shares. According to him, such a move could potentially raise Apple’s market capitalization by $1 to $2 trillion. He explained that a $100 billion Bitcoin investment could grow to $500 billion, contributing to a business worth $500 billion and experiencing 20% annual growth.
Saylor also proposed that this approach would alter Apple’s valuation structure, with 40% attributed to Bitcoin holdings and 60% to its core business activities.
His recommendations are based on a firm belief that Bitcoin is the future of capital markets, providing a superior store of value compared to traditional cash reserves. As companies face challenges from inflation and currency depreciation, he sees Bitcoin as a more stable and appreciating asset for safeguarding their financial health.
Saylor also made a bold prediction, forecasting that Bitcoin could soar to $13 million per coin within 21 years, and encouraged companies to seize the opportunities presented by this “capital revolution.”
Bitcoin has officially broken through the $121,000 level, rising 2.84% in the past 24 hours to hit $121,400, according to CoinMarketCap data.
Bitcoin has officially broken through the $121,000 level, rising 2.84% in the past 24 hours to hit $121,400, according to CoinMarketCap data.
Bitcoin soared to a new all-time high above $119,000 on July 13, extending its bullish momentum on the back of institutional accumulation, shrinking exchange reserves, and technical breakout patterns.
A major shift in the crypto cycle may be approaching as Bitcoin dominance (BTC.D) once again reaches critical long-term resistance.